Investor Presentation Q2 of 2026-27.

Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email: ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com 4th November, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 BSE Code: 500264 Dear Sir / Madam, Sub: Investor Presentation for Q2 of FY 2026-27. Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Investors Presentation on the Financial Highlights for the quarter and half year ended on 30th September 2026. The aforementioned Presentation has been uploaded on the Company's website viz., www.mafatlals.com. We request you to kindly take the same on record. Thanking you, Yours faithfully, For Mafatlal Industries Limited Amish Shah Company Secretary Encl.: a/a #224 #B39 #9BB #F53 Mafatlal Industries Limited Investor Presentation Q2FY27 and H1FY27 -21.2% Safe Harbour #224 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mafatlal Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the #B39 Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes #9BB no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. #F53 This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties, and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. Table of Contents #224 1 Financial Highlights #B39 2 Company Brief #9BB #F53 3 Our Team 4 Historical Financials 5 Annexures #224 #B39 #9BB Financial Highlights #F53 Q2FY27 and H1FY27 Management Commentary #224 “Our long-term strategy of value-focused growth, envisioned a few quarters ago, is beginning to reflect in our business mix. In Q2FY27, our integrated Uniform Solutions and Digital Infrastructure business together reported #B39 revenue of INR 540.0 Cr, up 24.6% YoY and for H1FY27, revenue stood at INR 987.9 Cr, registering growth of 19.8% YoY. In Consumer Durables, we continue to take a selective approach, prioritizing strategically aligned opportunities over revenue-led expansion. Quarterly margins were impacted by elevated cost of power & fuel, sub-contracting and #9BB logistics in accordance with the nature of orders executed. During the quarter, we successfully executed a large-scale Uniform Solutions order across ~28,000 schools in 33 #F53 districts, involving last-mile distribution of items like school uniform, school bags and shoes etc. Further, we also B3F executed project for setting up 128 computer labs in Adarsha Vidyalaya schools, including desktops, interactive panels and AI-enabled teaching software. Across our three business segments, the total order book stood at approximately INR 575 Cr as of September 30, 2026, comprising mainly INR 462 Cr in Textiles & Related Products and INR 87 Cr in Digital Infrastructure. We remain focused on advancing opportunities aligned with our capabilities, strengthening existing customer relationships, and expanding our client base across business segments.” - Mr. Priyavrata Mafatlal, MD and CEO -21.2% Financial Highlights Q2FY27 and H1FY27 INR in Cr Revenue from Operations Business Performance #224 2,269.9 267 • The Company’s core business segments, Textile & Related Products and Digital 1,736.5 Infrastructure, generated quarterly revenue of INR 540.0 Cr, registering 24.6% YoY growth. • Growth in Textile & Related Products during Q2FY27 (+12.4% YoY to INR 469.6 Cr) was 1,029.6 #B39 794.1 primarily driven by the Company’s continued shift towards the Uniforms Solution business, including the state-wide Telangana order across ~28,000 schools in 33 districts. • The Digital Infrastructure business recorded healthy growth in revenue (INR 70.3 Cr, up 344.1% YoY) and profitability (EBIT INR 9.7 Cr, up 201.7% YoY; EBIT margin 13.8%), supported by institutional projects including 128 ICT labs in Odisha and other turnkey projects. These #9BB H1FY26 H1FY27 Q2FY26 Q2FY27 projects include operation and maintenance services of up to five years, enhancing BC8 recurring revenue visibility. Operating EBITDA* and PBT • Revenue contribution from Textile & Related Products and Digital Infrastructure stood at 68.0% for Q2FY27, while EBIT contribution was 82.6%. Overall margins were impacted by H1FY26 H1FY27 Q2FY26 Q2FY27 #F53 elevated costs associated with the nature of orders executed. B3F Operating EBITDA* 76.5 38.2 29.5 14.6 Balance Sheet and Other Updates EBITDA margin 3.4% 2.2% 2.9% 1.8% • As on 30th September 2026, Gross debt stood at INR 83.2 Cr (Long-Term Debt of INR 32.2 PBT 71.2 34.4 29.0 14.8 Cr). As of 31st March 2026, Gross Debt stood at INR 60.8 Cr (Long-Term Debt of INR 33.1 Cr). • Ongoing order fulfilment impacted inventory, receivables and payables, which is also PBT margin 3.1% 2.0% 2.8% 1.8% reflected in short-term borrowings. • The Board of Directors of the Company has approved an interim dividend of INR 1 per equity share for FY27. Running Orderbook • In accordance with Ind AS 12, the Company has recognised a deferred tax assets (net) charge of INR 3.8 Cr under tax expense during the quarter. INR 575 Cr • The Board of Directors approved acquisition of an additional 20% stake in Pieflowtech to be executed in the near future Solutions, increasing shareholding to 80%, to strengthen Digital Infrastructure capabilities. The transaction is expected to be completed by December 31, 2026. *The Operating EBITDA excludes Dividend Income, Profit on sale of Investments (net), Profit on sale of Fixed assets, Rent income from investment property, in Q2FY27, amounting to INR 3.1 Cr (INR 5.1 Cr in Q2FY26), INR 1.5 Cr, INR 0.7 Cr (INR -0.1 Cr in Q2FY26) and INR 1.4 Cr (INR 1.2 Cr in Q2FY26) respectively. Similarly, for H1FY27 the amounts were INR 3.8 Cr (INR 5.1 Cr for H1FY26), INR 1.5 Cr, INR 0.7 Cr and INR 2.9 Cr (INR 2.4 Cr for H1FY26), respectively. 6 Segment Reporting Segmental Revenue Breakup Textile and Related Products Breakup #224 (INR Cr, % mix) (INR Cr, [Showing first 8,000 characters — download PDF for full document]